RFQ for Professional Auditing Services
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The Alamo Regional Mobility Authority (the "Alamo RMA"), a body politic and corporate and a political subdivision of the State of Texas, established pursuant to the request of Bexar County, Texas and approval of the Texas Transportation Commission and governed pursuant to the provisions of Texas Transportation Code, Chap. 370 (the "Chapter 370"). It is a local transportation authority authorized to build, operate, and maintain roads and other transportation projects.
The Alamo RMA is releasing this Request for Qualifications ("RFQ") to solicit proposals from interested and qualified certified public accounting firms to provide annual financial audit services to the Alamo RMA as required by applicable statutes. The Alamo RMA utilizes Sage MIP Fund Accounting Software with software modules currently being used which include general ledger, accounts payable, accounts receivable, bank reconciliation, budget management, fixed assets, and payroll. The payroll function is performed by a third party payroll service provider. The organization maintains a modified accrual based accounting. The financial system uses both online real-time entry and batch processing. The Alamo RMA's Chief Financial Officer and Comptroller are responsible for system security, backups and installing vendor up-grades.
The audit services will be performed in conformity with auditing standards and accounting principles generally accepted in the United States of America, and shall be provided in accordance with all auditing requirements of regional mobility authorities in Texas, including but not limited to:
(i) Governmental Accounting Standard Board ( GASB),
(ii) the standards set forth for financial audits in the General Accounting Office's Government Auditing Standards,
(iii) the provisions of the Federal Single Audit Act of 1984 and subsequent amendments,
(iv) the U.S. Office of Management and Budget (OMB) Circular A-133, A-87,
(v) the State of Texas Single Audit Circular, and
(vi) all other applicable rules, guidelines and statutes, each as may be applicable to the Alamo RMA and its auditors.
The selected firm(s) shall, at a minimum, provide a presentation on the auditing services completed and the resulting financial statements to the Alamo RMA's Finance Committee and Board of Directors, as requested.
